China Huaneng Foundation Construction Investment sold a 29% stake in IDT International (HKG:0167) to six buyers for around HK$12.1 million on Oct. 28, a Wednesday bourse filing said.
China Huaneng Foundation Construction Investment is wholly owned by Zhu Yongning, both parties previously being substantial shareholders of the firm.
Each of the buyers hold less than 5% of the electronic products company's issued share capital following disposal.
Shares of the company were up over 4% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.